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ABC News: Money

US home construction fell 9.4% last month 2019-10-17 09:01:57US home building fell 9.4% in September as apartment construction plummeted

The Latest: Johnson urges lawmakers to back 'excellent' 2019-10-17 09:00:13British Prime Minister Boris Johnson says U.K. lawmakers should "get this excellent deal over the line" by voting for the proposed Brexit divorce de

Dubai bets billions that Expo 2020 won't be 2019-10-17 08:51:30Dubai spends billions building a new city in its vast desert for Expo 2020, but can it boost the city-state's sagging economy?

Union Pacific 3Q profit slips 2% as volume 2019-10-17 08:50:26Union Pacific Corp.'s third-quarter profit dipped 2% as it hauled 8% fewer carloads of cargo

US home building fell 9.4% in September as 2019-10-17 08:33:10US home building fell 9.4% in September as apartment construction plummeted

80 injured in third night of Catalonia protests; 2019-10-17 08:30:39Catalonia's separatist leader has vowed to hold a new vote to secede from Spain in less than two years as the embattled northeastern region grapples

Swiss fine commodities giant Gunvor over bribes in 2019-10-17 08:30:35Swiss authorities have ordered commodities trader Gunvor to pay nearly 94 million dollars after being convicted of failing to prevent its representati

Global shares rally on tentative Brexit deal 2019-10-17 08:07:27Global markets are up after Britain and the European agreed on an outline Brexit deal after days of intense negotiations

High anxiety in Brussels: Will Brexit deal be 2019-10-17 07:40:29After three years of tense negotiations, Britain and the European Union say they have struck an outline Brexit deal

China appeals to Washington for quick end to 2019-10-17 06:30:41China appeals for quick end to US tariff war, gives no sign what more Beijing might want before carrying out promise to buy American farm goods

Apple economy latest casualty in strife-torn Kashmir 2019-10-17 05:03:57Once thriving apple economy latest casualty in Indian-controlled Kashmir

Chinese snooping tech spreads to nations vulnerable to 2019-10-17 04:46:15Huawei's facial recognition surveillance cameras are being deployed in cities worldwide, particularly in countries with poor human rights records and

Reuters: Business News

Morgan Stanley executives offer cautious outlook after profit New! 2019-10-17 17:52:32Morgan Stanley reported a higher-than-expected profit on Thursday, bolstered by strength in bond trading and M&A advisory, but executives were ca

Timeline: UAW wrings higher pay from GM in New! 2019-10-17 17:47:48The United Auto Workers union wrung higher pay and other benefits from General Motors Co as part of a tentative deal to end a month-long U.S. strike b

UAW deal with GM to end strike includes New! 2019-10-17 17:47:48The United Auto Workers union said on Thursday workers at General Motors Co will stay off the job while they vote on a proposed contract that delivers

Saudi Aramco delays planned IPO until after earnings New! 2019-10-17 17:45:29Saudi Aramco has delayed the planned launch of its initial public offering in hopes that pending third-quarter results will bolster investor confiden

NTSB to determine probable cause of fatal Uber New! 2019-10-17 17:36:38The U.S. National Transportation Safety Board (NTSB) will hold a Nov. 19 hearing to determine the probable cause of a March 2018 Uber Technologies Inc

Boeing 777X delays may affect Emirates fleet plans New! 2019-10-17 17:07:04Delivery delays to Boeing's 777X jetliner are holding back Emirates' growth and could partially affect the Gulf carrier's broader fleet requiremen

Stocks, sterling rise on long-awaited Brexit deal New! 2019-10-17 16:51:44A deal on Britain's departure agreed with the European Union sent sterling to a five-month high on Thursday and hoisted European stocks to a 1-1/2-ye

U.S. stocks gain on upbeat earnings, geopolitical news New! 2019-10-17 16:51:41Wall Street advanced on Thursday as investor sentiment was buoyed by a string of corporate earnings beats and encouraging geopolitical developments.

At Chick-fil-A, new table service means no waiting New! 2019-10-17 16:45:22Fast-food chicken chain Chick-fil-A is turning the tables on in-house dining, unveiling a new sit-down table service through its app that means custom

UAW reaches contract deal with 850 Aramark workers New! 2019-10-17 16:40:05The United Auto Workers union on Thursday reached a tentative agreement for a new contract covering 850 Aramark employees who work at General Motors p

Exclusive: Wall Street banks see green light from New! 2019-10-17 16:15:17Wall Street banks believe they are getting a green light from supervisors to hold more Treasury debt and less cash after last month's volatility in o

Oil rises, supported by U.S. fuel stock draws New! 2019-10-17 15:52:15Oil prices rose about 1% on Thursday after draws in U.S. fuel inventories, but gains were capped by a larger-than-expected rise in crude stockpiles an

L.A. Times - Business

Netflix returns to subscriber growth in 'make or 2019-10-16 16:38:51The results were an improvement over the previous quarter and allayed investor concerns that Netflix was facing a slowdown as rivals enter the market.

Volvo shows an electric SUV and plans to 2019-10-16 16:21:53The Chinese-owned carmaker from Sweden wants to add "sustainability" to its reputation for safety

Ex-Uber exec Jeff Holden asks $8.6 million for 2019-10-16 16:16:53After leaving Uber last year, Jeff Holden has put his Bay Area home of five years up for sale at $8.6 million.

Surprise settlement reached in big Sutter Health case 2019-10-16 15:07:28Sutter Health stood accused of violating California's antitrust laws by using its market power to illegally drive up prices.

No health insurance? California will help, but you'll 2019-10-16 14:39:50California will offer aid to middle-class people who make too much to get Obamacare tax credits, but uninsured Californians will owe a penalty.

New Clipper Maurice Harkless scores a modern home 2019-10-16 13:39:29Just in time for basketball season, new Clippers forward Maurice Harkless has paid $3.36 million for a modern home in Venice.

Where it all went wrong for Facebook's Libra 2019-10-16 09:00:19Facebook was blindsided when companies including EBay, PayPal and Visa stepped back from its Libra digital currency project, leaving its future hangin

Sangria blood bags: Theme parks use Halloween to 2019-10-16 08:00:40Theme parks are taking advantage of the #foodporn trend by selling outrageous Halloween dishes.

Meet Alki David: The self-appointed ambassador for the 2019-10-16 00:00:51The "eccentric billionaire" Hologram executive has been sued by multiple women for sexual harassment.

SpaceX seeks permission to launch 30,000 more satellites 2019-10-15 20:02:26The increased number of satellites could help SpaceX target more markets.

Los Angeles City Council moves forward with eviction, 2019-10-15 17:00:09The L.A. City Council has voted to move forward with an effort to stop landlords from quickly evicting tenants or raising rent before a new state rent

Kunal Nayyar spends big for Nic Cage's old 2019-10-15 14:34:56Kunal Nayyar of "The Big Bang Theory" fame has paid $7.5 million for the former Hancock Park home of actor Nicolas Cage.

Economy

GM strike pushed US factory output down 0.5% New! 2019-10-17 09:35:00U.S. factory output slumped 0.5% in September, as a strike at General Motors caused a steep decline in auto production amid broader struggles for manu

US weekly jobless claims rise modestly 2019-10-17 08:31:00The weekly jobless claims data suggested the labor market continues to tighten despite slowing hiring and economic growth.

US housing starts fall from a 12-year high 2019-10-17 08:30:00U.S. homebuilding tumbled from a more than a 12-year high in September, but single-family home construction rose for a fourth straight month.

Fed's Evans says no more rate cuts are 2019-10-16 10:45:00The Chicago Fed president says that policy is probably appropriate given an economy that is softening but still in good shape.

US retail sales unexpectedly decline in a sign 2019-10-16 08:30:00Retail sales dropped 0.3% last month as households cut back spending on motor vehicles, building materials, hobbies and online purchases.

Weekly mortgage refinance applications rise, even as home 2019-10-16 07:00:00Mortgage interest rates rose last week, but that didn't throw any cold water on the mini-refinance boom that's been going on for the last month.

'Awfully high' risks of a global recession in 2019-10-16 02:01:00"Even if we don't have a recession ... I think it's pretty clear that we're going to have a much weaker economy," says Mark Zandi.

IMF says trade war will cut global growth 2019-10-15 09:07:00The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned

Fed's Bullard warns risks remain high and US 2019-10-15 06:00:00St. Louis Federal Reserve Bank President James Bullard said global trade and other risks remain high for a U.S. economy that may slow more sharply tha

Larry Summers: US economy is just one bad 2019-10-14 12:50:00"I fear that's what we're headed into" here in America, warns the former Treasury secretary.

Millennials are about to trigger a major 'changeover 2019-10-14 07:17:00U.S. adults aged between 21 and 38 years old will prioritize "necessity spending" over the next decade, Bill Smead told CNBC on Monday.

Do you know what a recession is? Here's 2019-10-11 11:28:00Not all economists agree that GDP is the best way to measure the economy.

NYT > Economy

A Scotch Maker’s Challenge: First Brexit. Now Tariffs. New! 2019-10-17 16:24:40The 25 percent U.S. tariffs to be imposed Friday are causing headaches for single malt distilleries, already struggling with Brexit.

Working to Benefit Society, Not Just Companies New! 2019-10-17 11:44:33Andrew Kassoy and the other two co-founders of B Lab are encouraging businesses to focus on more than just profits.

G.M. and U.A.W. Reach Deal That Could End 2019-10-16 19:47:16The accord reportedly includes wage increases and lump-sum payments, along with a formula for temporary workers to become full-time employees.

What’s Really in the Trade Deal Trump Announced 2019-10-15 17:42:11The partial trade deal hasn’t been signed and some details still have to be negotiated, but it could help some American firms.

Nobel Economics Prize Goes to Pioneers in Reducing 2019-10-14 18:37:26Three professors, Abhijit Banerjee and Esther Duflo, both of M.I.T., and Michael Kremer of Harvard, were honored.

Wall Street’s Sky-High Expectations Are About to Collide 2019-10-14 03:00:10As companies start reporting quarterly earnings this week, what they say about the future could jolt the stock market.

The Week in Business: Facebook’s Role in Impeachment 2019-10-13 07:00:06Plus, the N.B.A.’s multibillion-dollar relationship with China hits a snag.

Candidates Grow Bolder on Labor, and Not Just 2019-10-12 16:06:00Ambitious moves to shift power to workers are being embraced by several Democratic presidential contenders.

Trump Reaches ‘Phase 1’ Deal With China and 2019-10-11 21:32:45President Trump said he had reached an agreement with China to walk back tensions in the trade war as he met with a top Chinese envoy Friday

Facebook’s Libra Cryptocurrency Faces Exodus of Partners 2019-10-11 19:32:36Stripe, Mastercard, Visa and eBay said they were dropping out of the effort, a week after PayPal pulled out.

Fed Unveils Plan to Expand Balance Sheet but 2019-10-11 18:29:44The Federal Reserve is acting after a shortage of dollars in an obscure corner of the financial markets required intervention.

They Run the World’s Biggest Countries. Their Talk 2019-10-11 08:45:43As Narendra Modi of India and Xi Jinping of China meet, a host of potential conflicts are sharing the room with them.

Home Page

India's fuel demand dips to lowest in over 2019-10-16 09:02:41Diesel, the most used fuel in the country, saw demand drop by 3.2 per cent to 5.8 million tonnes, while naphtha sales were down by a quarter to 844,00

Reliance could be the first to hit $200 2019-10-16 08:25:10In a report, Bank of America Merrill Lynch said the key drivers to achieve this feat are new commerce ventures in unorganised retail market, entry int

Mindtree September quarter net profit down 34.6% YoY 2019-10-16 07:58:47The Bengaluru-based company saw its revenue grow 9.1 per cent to Rs 1,914.3 crore in the quarter under review from Rs 1,755.4 crore in the year-ago pe

Supreme Court concludes Ayodhya land dispute hearing; reserves 2019-10-16 07:22:29The bench, after hearing the case for 40 days, concluded the arguments in the matter

PNB Housing to raise up to Rs 10,000 2019-10-16 07:08:54The company's board will meet on October 24 to declare quarterly earnings for the second quarter of this fiscal and will also consider proposal to ra

SC order on recusal of Justice Mishra from 2019-10-16 07:05:39Senior advocate Shyam Divan and other counsels appearing for various farmer associations and individuals said that Justice Mishra should recuse himsel

INX Media case: Delhi court issues production warrant 2019-10-16 06:38:08The ED has sought 14 day custodial interrogation of the 74-year old senior Congress leader

MARKET WRAP: Sensex gains 93 pts, Nifty ends 2019-10-16 06:34:16All that happened in markets today.

ICRA downgrades rating outlook for one third of 2019-10-16 06:19:42In addition to a slower tendering activity, the sector also faces concerns over delayed payments

Fundamentals of economy 'very very strong', says CEA 2019-10-16 05:57:16The CEA further said the slowdown in the economy is due to a decline in investment, which is a key driver

Bajaj Chetak makes a comeback in electric avatar, 2019-10-16 05:56:43The e-scooter was unveiled by Transport minister Nitin Gadkari in presence of Niti Aayog CEO Amitabh Kant and Bajaj Auto Managing Director Rajiv Bajaj

GIC Re, New India Assurance soar 20% in 2019-10-16 05:27:04The general insurance industry in September grew by almost 40 per cent to Rs 19,047 crore.


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